M&A Deal Summary

Hadlock Plastics Acquires Premix

On January 27, 2011, Hadlock Plastics acquired chemicals company Premix from Citizens Capital and Mason Wells

Acquisition Highlights
  • This is Hadlock Plastics’ 1st transaction in the Chemicals sector.
  • This is Hadlock Plastics’ 1st transaction in the United States.
  • This is Hadlock Plastics’ 1st transaction in Ohio.

M&A Deal Summary

Date 2011-01-27
Target Premix
Sector Chemicals
Buyer(s) Hadlock Plastics
Sellers(s) Citizens Capital
Mason Wells
Deal Type Add-on Acquisition

Target

Premix

North Kingsville, Ohio, United States
Premix, Inc. a manufacturer of thermoset composite molding compounds and custom molded composite products for the electrical, appliance, business equipment, sanitary, lighting, aerospace, and transportation markets.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Hadlock Plastics

Geneva, Ohio, United States

Category Company
Founded 1968
Sector Plastics
DESCRIPTION

Hadlock Plastics LLC is a provider of custom molding fiberglass reinforced thermoset composite plastics.


DEAL STATS #
Overall 1 of 1
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2011 M&A 1 of 1

Seller(S) 2

SELLER

Citizens Capital

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1997
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Citizens Capital is the private equity affiliate of Citizens Financial and provides both mezzanine and equity capital to later-stage privately-held companies in the US. Citizens looks to commit $3 to $15 million in subordinated debt transactions and $1 to $3 million for growth equity needs. Target sectors include manufacturing, consumer products, distribution, and service-based industries. The Firm's investment horizon is five to seven years. Citizens Capital is based in Boston, Massachusetts.


DEAL STATS #
Overall 7 of 11
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 8
State: Ohio M&A 1 of 1
Country: United States M&A 7 of 11
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-31 Akibia

Westborough, Massachusetts, United States

Akibia's innovative IT solutions enable clients to optimize, secure, manage and support their mission-critical infrastructure. Since 1988, we've been helping companies reduce costs, manage risk and increase efficiencies in the data center.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 Innoveer Solutions

Boston, Massachusetts, United States

Innoveer Solutions, Inc. provides a range of services, including discovery and planning, CRM technology selection, business process improvements, implementation, change management and support focused on enterprise businesses in the Life Sciences, Insurance, Financial Services and Manufacturing sectors, among others.

Sell -
SELLER

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 17 of 41
Sector: Chemicals M&A 3 of 3
Type: Add-on Acquisition M&A Deals 13 of 25
State: Ohio M&A 1 of 3
Country: United States M&A 16 of 40
Year: 2011 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-03 Paris Presents

Gurnee, Illinois, United States

Paris Presents, Inc. creates and distributes beauty products and personal care accessories to mass merchants, drug stores, specialty beauty stores, and online retailers. Its comprehensive portfolio includes brands that are eco-conscious, digitally savvy, provide strong beauty education and deliver superior performance to a loyal consumer following. Its #1 cosmetics accessories brands are Real Techniques©, maker of the #1 brand in cosmetic sponges; EcoTools©, cosmetics and bath accessories; Body Benefits by Body Image©, # 1 player in bath accessories as well as retailer brands. Company Founded in 1947 and Headquartered in Gurnee, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-18 Paragon Development System

Oconomowoc, Wisconsin, United States

Paragon Development System is an information technology integrator that provides hardware, software, and services to medium and large healthcare, government, education, and corporate customers that have enterprise-class IT infrastructures. Paragon Development System was founded in 1986 and is based in Oconomowoc, Wisconsin.

Buy -